Are Korean Posts Really Overvalued?

1. Korean Community is Growing Bigger and Fast

There are great and positive perceptions in Korean communities, both crypto and non-crypto ones. Our growth is explosive and positiveness is going around our community. According to @arcange's post, active users of Korean community has more than quadrupled and posts and comments have increased a lot as well.

This is not only about number of users, but also investments. Korean community was and is the biggest buyer of Steem, especially when Steem price was decreasing. While many whales were reducing their stakes, Korea community recruited more investors hence supported Steem price. Also many of them have powered up. We now have 21 members in top 300 (at lesat $25,000 worth) and in total over 7,000 MVESTS, which equates over 3 million dollars. This is about 8% of total active stakes.

2. Views Are Really High

Accroding to OECD Data, population of Korea is only 4.4% of the total or about 1/20. Roughly speacking, a unit views for a Korean language post may be regarded to have at least 5-10 times greater views than English posts with the consideratino of the scale effect.
Here are interesting examples. @maa's two posts hit Google Now suggestion and got over 1,000 views. Isn't it cool? More Korean people are paying attention to and will come KR community.

3. We Need to Consider Contexts

Fourteen days ago, we felt very bad and upset due to the downvote. Why? We had a newbie highschool girl and gave her our best welcome. We think that she can be the gateway person who opens the door toward Korean teenagers and can trigger mass dispersion of Steemit in Korea. But her first post was downvoted. She seems so disappointed and the traction has greatly decreased. Although the flags were removed, the effect remained since he did flag during downvote-only period. I asked him to leave some message to make her feeling better, but nothing happened. I am really concerning this kind of thing happens again.

We now have a wonderful illustrator, well-known Korean crypto analyst and investors, and many other important members. Their posts sometimes seem get too much, but I think it maybe not if we count what they will bring in the future.

Our Thoughts

I do not want to restrict his freedom to downvote, but want to request do it in more prudent and consistent manner.

Appendix: Responding to image he posted (@engagement is his sub-account)

Something that was failed to be mentioned here, which is the most important part actually, is that Bernie/Engagement is downvoting in the last 12 hours where no upvotes can counter his downvotes and he is voting with much more rshares than anyone else on the platform. He can't downvote before the 12 hour mark because he will be countered with an upvote if his downvote is "too large". So, instead he is abusing the system and downvoting with a larger voting weight than anyone else on the platform is currently being able to use and only in the last 12 hours where upvotes are not allowed. It's abuse in every sense of the word.

He is able to reduce a very popular post's payout by 70% with a single downvote because of the way things are currently set up on the platform.

If he wants to downvote he can do it in the normal allotted time with the normal allotted voting weight like everyone else on the platform. Bernie/Engagement is playing by a different set of rules than every other poster on here. How's that for fair?

I always thought there should be a reputation requirement in order to have the ability to flag a post. For instance, maybe a reputation of 60 to flag. This would keep people who are new and maybe just disgruntled because the money is not coming in fast enough from ruining someone's posts. I feel like I can say this because I'm only in the 40's myself and am still learning how things work.

Your concern is valid, I don't know by how much the rewards were cut by flagging. I'd like to see more information about that but I'd like to think that the people that use flag, have Steemit's best interest in mind and not just their own wallet or close circle of friends.

And sometimes, maybe, those people have yet to think things that far that some have. My view on the issue is complicated, at the same time I'd like to see new people getting rewarded well, who represent whole new communities of people, that yet are not using Steemit, but at the same time it would be negative to see their rewards decline sharply after few posts.

It's hard to come to consensus on what fair rewards is when the consensus is formed by thousands of people around the world who don't share the same information base, which is used to make these decisions.

I hope we don't lose too many people thanks to this flagging. Hopefully these individuals on receiving end understand that it's not personal and that their rewards will keep growing as our whole community grows. If Steem becomes mainstream they'll feel far worse for giving up in these early days!

Dear Lee
I think that Berniesanders is an asshole that does not have any standards about flagging and just does not want to allow a lot of rewards of Korean community. Berniesanders is just a young child who wants to be identified his influence by little fishes. There is not even 1% of adults thinking of expanding the community or marketing. So do not speak elegant words like expanding markets. It's just a little child's fuss. Never mind.

SteemIt is a free-market. The "kr" community on SteemIt is growing rapidly. Content for the "kr" community would naturally garner more upvotes from the "kr" community. There is nothing wrong with that.

A growing SteemIt community helps all SteemIt users around the world. The rising price of STEEM is the evidence.

I support the "kr" community on SteemIt. I cannot read Korean but a picture is worth a thousand words and usually worth an upvote.

There are far more languages I cannot read than I can read. A smile, a photo, and a few emoji's usually bridge the language barrier even when the Google translator does not :-)

Thank you to our Korean brothers and sisters who use Steemit and those who have invested in Steem! You are valued here!
Rest assured this @berniesanders guy will not be able to continue as he has for much longer.

Right, but that problem is not Korea specific: many users vote for 'famous' writers because they hope and expect many other votes to follow later, so that they get much curation reward. If that is a problem (that not quality is rewarded, but being famous) then it is not a Korean problem, but a general problem (which one could try to solve by making the reward curve more linear maybe).

Over-rewarded is subjective and contextual. And there are high and low payout posts always. If a post is downvoted simply due to it has over $200 reward regardless of its quality and author's potential, it is not fair.

He is voting with a different voting weight than every other person on here. He is voting in the last 12 hours so that he can use his max voting power with no upvotes to counter him. It is not normal downvoting behavior. He is abusing the current 12 hour system.

I personally feel that down votes should be used very springily. Only if the content is offensive or deceiving or just a copy-paste from the internet, then it should be down voted. Down votes can have a very bad demotivating effect on the poster. And down voting a member belonging to a specific community is even more bad. If some posts are overvalued then better not up vote them, instead of feeling jealous and down vote them.

That is because I was out all day away from the keyboard, and if you look at the post I did today to try to help out a new Steemian member, you can see what I have been up to, hopefully you will look at my page and see that.

I am on limited time here, and wanted to comment back to everyone quickly, I have health issues and needed to reply to many people, quickly so that is why I pasted my replies so at least people saw I got back to them.

I do not normally do that, but had to in this case, so I can get offline tonite being later for me here.

I support all communities, including the Korean community. Having lived in Asia myself, I have cultivated an enormous respect for Asian culture as it taught me how to be less selfish......I lived in Japan several times.... I know Japan is different from Korea, but I feel that some of the philosophies are similar. Anyway, this growth is good. Working together, problems can be overcome.